Wes Gray 🇺🇸

Marine. Ph.D. Dad x3.
RIA/blog/education: label ETF:

[Wes Gray 🇺🇸 @alphaarchitect]

New Post: 351 ETFs: Tax-Free “Diversification” Is Supposed to Hurt https://t.co/icVlsmU131

[Samuel Lee @svrnco]

Militia Capital is hiring a quantitative engineer in Austin.

AI is probably going to eat discretionary investing in the next 10 years.

We want to create AI tools and trading systems that distill and improve the judgment of our portfolio managers. We're not a HFT/MFT shop and don't expect to compete there; we're trying something different, which is to automate and trade on superior qualitative forecasts over weeks, months and maybe years.

We're looking for exceptional statistics/ML, problem-solving and engineering ability. Finance experience is optional. Exceptional graduates and candidates from other technical fields are welcome.

Pay: $275K base, $300K-$500K target bonus, depending mostly on your contribution to profits.

Email [email protected] with your resume and a short description of your hardest technical project (research, open-source work, etc.), ideally with a link to it.

I can't reply to everyone, and I apologize for that.

[Wes Gray 🇺🇸 @alphaarchitect]

@RyanMGavin She does want to be an engineer!

[Wes Gray 🇺🇸 @alphaarchitect]

Warning. terrible dad joke inbound...but it did make me laugh

Kid: "Hey Dad, Alice said I was only average..."
Dad: "Wow. That sounds pretty mean."

[Wes Gray 🇺🇸 @alphaarchitect]

@ryanmouquegolf @millerak42 By my calcs, I think he sold his biz at the exact same time his handicapped started dropping 🫳

[Wes Gray 🇺🇸 @alphaarchitect]

@millerak42 Lol.

[Wes Gray 🇺🇸 @alphaarchitect]

@plimbo5 I know. Its sad. But I laughed as well when I first heard it 🤣

[Wes Gray 🇺🇸 @alphaarchitect]

A client came to us with a nightmare portfolio.

His own client had moved assets over from a prior adviser: hundreds of individual stocks and ETFs that, all together, basically replicated the U.S. market. Just with higher fees and a lot more complexity.

We believe this is a textbook use case for a 351 exchange.

A 351 exchange lets investors contribute assets for shares of a new ETF without immediate gain recognition. For the adviser, this meant being able to more easily manage his client's portfolio, making attribution and reporting more manageable with a single U.S. core market ETF.

If you are sitting on a legacy portfolio with the same problem, you can contribute appreciated holdings to the Alpha Architect U.S. Equity 5 ETF, ticker AAUD.

AAUD seeks to:
• Follow the same strategy as our previous 351 exchange launches
• Deliver plain U.S. large blend exposure with a strategic dividend management overlay
• Do it for 0.09% total annual fund expense*

To learn more about AAUD email us at [email protected], or visit https://t.co/zTIfL0PoyI.

*Acquired Fund Fees and Expenses (AFFE) currently stand at 0.00%, but final contributed assets may add to the number upon launch.

[Wes Gray 🇺🇸 @alphaarchitect]

@TaxAlphaInsider @IBKR Check email

[Wes Gray 🇺🇸 @alphaarchitect]

@Capital_Safari Yeah, in these sorts of things, with a ton of variance, even small levels of predictability are considered "material". But its a fair critique!

[Wes Gray 🇺🇸 @alphaarchitect]

New Post: Firm-to-firm financial linkages and dollar risk transmission https://t.co/rneqtIvok8

[Tyler Vargas-Andrews @TylerAndrews13]

13 MILES on forearm crutches🦾
----------------------------------------
For Those Who Can't. Choosing to physically suffer is one of the best ways to remind us we are alive.

5hrs 32min 3sec was the total moving time. It was 6hrs & 36min total time.

Appreciate each day. Die Living.

Side-note: posted this later than intended due to life/travel, but I have some exciting news to share soon.
#NeverAVictim

[Wes Gray 🇺🇸 @alphaarchitect]

@TylerAndrews13 @TyrantDesign @sofletehq Outstanding

[Wes Gray 🇺🇸 @alphaarchitect]

@Perth_Tolle Great pics!

[Wes Gray 🇺🇸 @alphaarchitect]

@senderowiczj @EricBalchunas @BloombergTV Good journalism!

[Wes Gray 🇺🇸 @alphaarchitect]

@BridgesCapital @patrickcleary01 Great seeing you!

[Wes Gray 🇺🇸 @alphaarchitect]

@stoolpresidente Agreed!! Auburn/Alabama was rough equivalent. Amazing game

[Wes Gray 🇺🇸 @alphaarchitect]

@RGIII Unreal